The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has disclosed that its operatives are “re-strategizing” to prevent all forms of financial corruption attributed to Nigerians.
Olukoyede made this statement on Monday as the Commission hosted the 1st International Criminal Police Organization (INTERPOL)/Japan International Cooperation Agency (JICA) Workshop at its Academy in Karu, Abuja.
He provided assurance amid INTERPOL’s revelation at the event that dollars are illegally flowing out of Nigeria to other countries.
The vice president of INTERPOL for Africa Garba Umar emphasized in his speech the serious harm that money laundering causes to Nigeria’s financial system. Hundreds of millions of dollars are allegedly laundered out of Nigeria every hour before they can be used to support criminal activity. Our financial institutions suffer from this, and it also raises the risk of fraud, corruption, drug trafficking, crime, and violence he said.
Umar urged stakeholders to re-examine the challenges of fighting transnational crimes in the country and reassess the strategies of relevant agencies.
He also urged law enforcement agencies to reaffirm their determination and unity to Nigeria by providing security to citizens and, by extension, the global community.
Olukoyede, who was represented by Francis Usani, EFCC’s Director of Fraud Risk Assessment and Control, stated that the daunting nature of the fight against corruption in Nigeria and globally requires serious collaboration among organizations responsible for combating corruption.
He informed participants that while the EFCC has made significant progress in tracking and recovering financial crimes, it is now re-strategizing to prevent corruption.
